Summary of Advisory Services Project Information
Project Number
570287
Primary Business Area
Access To Finance
Disclosure Date
Oct 27, 2009
Country
Ethiopia
Region
Africa
IFC Approval Date
Sep 8, 2009
Status
Completed
Estimated Total Budget
$2,140,000.00
(Project budget includes all project-funded activities)
Last Updated Date
Nov 30, 2016
Project Estimated Start Date
Jun 1, 2009
Project Description
The three-year project helps expand the use of Warehouse Receipt (WHR)
in the banking industry in Ethiopia, to increase access to finance for the
agriculture sector. Phase I raises public awareness via forums and
workshops involving the government, banks, and industry associations;
assists the Ethiopia Commodity Exchange (ECX); and provides regulatory
capacity building. Phase II offers advisory services to banks; and
facilitates awareness raising among farmers and small and medium
enterprises (SMEs). Objectives are: 1) to create an enabling environment
for access to finance, by raising public awareness of WHR mechanism; 2) to
strengthen the operations of ECX in targeted areas and enhance market
acceptance of WHR; 3) to facilitate the development of WHR as a way to
increase access to finance and play a facilitating role between the
Central Bank, ECX, and the banking industry; and 4) to provide training
and advisory services to several pilot banks that commit to introducing
WHR-based financing.
Additional Documents
